Indian rupee ended weaker against the US dollar on Tuesday as elevated crude oil prices and a muted trend in domestic equities weighed on investor sentiments. The strengthening of the American currency in the overseas market further dented investor sentiments. Traders were cautious despite report that Foreign Portfolio Investors (FPIs) have pumped Rs 153,539 crore in India so far in 2023-24 as Indian equity markets continue to attract FPIs. On the global front, euro fell for a fifth successive session on Tuesday as evidence of a slowdown in Europe builds, the pound steadied, and China's yuan strengthened after the country's leaders pledged to step up policy support for the flailing economy. Meanwhile, sterling traded higher against the U.S. dollar on Tuesday, staging a small rebound after a seven-day losing streak, but stayed close to a two-week low as traders keep their attention on Britain's floundering economy.
Finally, the rupee ended at 81.88 (Provisional), weaker by 7 paise from its previous close of 81.81 on Monday. The currency touched a high and low of 81.89 and 81.67 respectively.
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